Short-term rental

International short-term rental platform Airbnb has called on the mayor of Barcelona to reconsider extending the measure to restrict short-term rentals, arguing that they benefit the hotel industry while failing to address over-tourism and the housing crisis.

The government is reviewing the provision for a three-year income tax exemption for vacant properties and those withdrawn from short-term rentals. Concerns have been raised during the public consultation phase that the current requirements are too stringent and may reduce the measure’s effectiveness.

The new tax bill provides for stiff fines for those who ignore a regulation that bans new permits for Airbnb-type short-term rentals in downtown Athens for all of 2025.

The Independent Authority for Public Revenue (AADE) is launching intensive audits on 1,000 taxpayer IDs (AFMs) of owners with more than three short-term rental properties.

In recent years, tax revenues from short-term rentals in Greece have surged dramatically. Tax earnings from Airbnb-style rentals have increased more than tenfold since 2017, according to Giorgos Pitilís, head of the Independent Authority for Public Revenue (AADE).

Tax revenues from short-term rentals are expected to reach 830 million euros by the end of 2024, posting a significant increase from previous years, the head of Greece's Independent Authority for Public Revenue (AADE), said on Tuesday.

The sharp increase in rental prices seems to have already absorbed the government’s latest efforts to solve the housing problem.

If you’ve entrusted your property to a third party for Airbnb management, you might be wondering who holds responsibility for tax compliance, which tax bracket applies to your income, and when the property becomes subject to VAT.

The auditing mechanism of the Independent Authority for Public Revenue (AADE) is homing in on undeclared income from short-term rentals, while also putting all betting companies operating in Greece in its crosshairs.

Major shake-ups are on the horizon in the short-term rental market, following the government’s decisions to move forward with further regulation, aiming both to align as far as possible the obligations of those offering properties through short-term rental platforms with those who own hotels or rooms for rent and to curb oversupply in order to stimulate the long-term rental market.